Ex-MEP pushes CCS projects, despite 'wasted money'

A former member of the European Parliament who helped set up the fund to promote carbon capture and storage (CCS) projects, has admitted the fund had design flaws and was based on the assumption the carbon price would skyrocket, when in fact it plummeted.

The fund, called NER300, has failed to support any CCS projects, but will be succeeded by a new Innovation Fund. EU negotiators will meet next week to discuss the legislation that will make the new fund possible.

Despite the fail...